Business Brief: Morrison govt needs to make 'significant economic reform'

22/05/2019|5min

Australian Financial Review’s John Kehoe says the markets ‘have been going gangbusters’, particularly banking and healthcare, since the Coalition’s win at the federal election.
However, Mr Kehoe has told Sky News that Reserve Bank of Australia governor Philip Lowe was pressuring the government to make 'significant economic reform' and invest in infrastructure to try and boost the economy.
While the RBA signalled it would cut interest rates in two weeks, Mr Kehoe said it could soon ‘run out of ammunition because rates were already really low’.
Image: News Corp Australia